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The Guardian - UK
The Guardian - UK
Business
Rupert Neate Wealth correspondent

UK financial watchdog ‘will not take any action against’ Odey Asset Management

Crispin Odey OAM United Kingdom FCA Nikhil Rathi Sexual Misconduct
Crispin Odey.
Crispin Odey. Photograph: Bloomberg/Getty Images

The UK’s financial regulator will not take any action against Odey Asset Management (OAM), the investment fund founded by Crispin Odey that was shut earlier this year after multiple allegations of sexual misconduct by him against junior female members of staff.

The Financial Conduct Authority (FCA) has closed its investigation into OAM and “will not take any action”, the fund said an investor letter on Tuesday.

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